Tuesday, 14 June 2016

Praj Industries- Hot Stock for Trade

Praj Industries is looking very good and showing very good strength on chart. This stock is currently trading at Rs.92.30/- on NSE with huge volume of almost 7 times more than its monthly average trading volume. One should buy it with strict stoploss of Rs.90/- for  intraday 1st target of Rs.95/- 2nd target of Rs.96.65/-. Short term Investor should hold this stock with stoploss of Rs.83/- for short term target of Rs.103/- to Rs.108/-. If it crosses the level of Rs.110/- then fresh momentum may be seen in this stock which will take it to the level of Rs.136/- to Rs.140/- It is trading above its 200 days moving average with 16% delivery volume. A strong momentum may be seen in coming days with huge volume. One should hold it patiently with above said stop-loss. In current scenario It is looking very strong. In Last few trading session, this stock has shown great momentum. 

Discloser-
 I am not registered with SEBI and also not have any financial interest over any particular stock. Here  I share only my personal views and ideas of trading and investing in the Indian stock market. Before investing or trading one should consult his professional adviser or should take his own decision. I/blog author will not be responsible for any loss or profit due to trade or invest through effecting by my ideas or views. Before trading or investing one should apply his own mind or consult his professional financial adviser.
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